Rather than wishing you had more money in the bank, isn’t it a better idea to get more enjoyment out of the money you do have?
- Wait before you buy
Impulse spending might feel good at the time, but that will soon fade. Not only are you spending more money than you usually would, the enjoyment for ‘things’ soon fade, especially if you are left short for the essentials. When you have the urge to buy something, wait a while before you spend, you might just save some money having not spent it on useless items.
- Buy experiences and not things
Instead of material items, how about booking a trip away, or a new experience? There are a whole host of reasons why experiences make better investments that ‘things’, you can ready about why here. But essentially, experiences deliver more ‘value for money’ and long term enjoyment than material ‘things’.
- Buy Quality
Buy the best for what you can afford (always stick within your budget!) As the common saying goes ‘buy cheap, buy twice’. It doesn’t mean you have to spend a huge amount on silly things, but buying good quality can save you money in the long run. Buying on the cheap won’t necessarily be the most cost efficient way to spend. You’ll also feel better knowing you got your money’s worth out of a well made item, rather than feeling fleeced buy broken, poor quality goods.
- Learn to be happy
Whilst the pursuit of happiness can be a lifelong goal, making small adjustments and measured steps to de-stress and re-evaluate can help in your overall well-being. Learning to take time for yourself and to be happy with what you have in your life can have long term pay-offs for your happiness. It’s not an easy lesson to learn, but if you can learn to be happy with what you have you’re going to get much more enjoyment out of life no matter how much money you make.With Monese you can share with your friends via your referral link. If you friend signs up to Monese and makes their first deposit they will receive £5, and so will you. Find out more here.